FAQs for Car Installments Program

Car installments or lease is based on the Ijara concept. We buy the car that you desire and we lease it to you through monthly rental. At the end of contract, when you settle all the monthly rentals, and upon your request, we transfer the ownership of the car to you.

It is up to 5 years, as long as you don’t exceed the retirement age at your last monthly payment. If you are a retiree, you can finance the car up to 5 years, as long as you don’t exceed the age of 60 at the last payment.

A down payment is not required if your salary is transferred to your account with us, while 10% down payment applies if your salary is transferred to another bank. The down payment also depends on the price of the car that you want to buy and your salary. Our instant online calculator can help to find out if you need any down payment and how much. Click here to find out.

The last payment is usually 25% to 30% of the car price which you decide to pay at the end of the lease. It makes the monthly rentals that you pay less, but you have to be ready to make a large payment at the end of the lease.

Yes you can, but the sum of your existing monthly installment and the monthly payment of the car should not exceed 50% of your monthly income. Also, you should not have late dues on your existing finance. You can easily find out how much you can borrow and your monthly installments with our instant online calculator. Click here to find out.

Yes you can, but the sum of your monthly payments for all the cars should not exceed 50% of your monthly income. You can easily find out how much you can borrow and your monthly installments with our instant online calculator. Click here to find out.

You cannot upgrade the car or add additional accessories without our approval, since there are certain upgrades that can void the dealer warranty, the Takaful coverage, or the extended warranty. However, the addition of a solar film for the windows is approved.